Northwest Fort Worth Community Joins Estates at Eagle Mountain to Bring Approximately 3,000 Single-Family Homes to Growing Corridor
Farmers Branch-based Centurion American Development Group has long been known as one of North Texas’ finest and most prolific developers of quality residential communities. The company has announced the acquisition of Rio Claro, a new large-scale residential development in Fort Worth. The transaction closed on Friday, Oct. 3. Located southeast of Morris Dido Newark Road and Bonds Ranch Road, the 629.4-acre community will be developed in four phases and feature approximately 1,761 single-family home sites. Residents will enjoy access to expansive open space, walking trails and a modern amenity center, fostering a strong sense of community and connection to the outdoors with close proximity to Eagle Mountain Lake and its recreational marinas and amenities.
“Fort Worth continues to be one of the fastest-growing cities in the country, and the demand for thoughtfully planned communities has never been greater,” said Mehrdad Moayedi, president and CEO of Centurion American Development Group. “With Rio Claro, we are proud to bring a new neighborhood that balances high-quality homes with the natural beauty of the area, creating a place where families can thrive for generations to come. We relish the relationship we have with the City of Fort Worth and really respect the level of engagement and partnership they bring to the table.”
Centurion American has curated and secured some of the areas top builders to bring this community to fruition with a variety of lot sizes ranging from 50-feet to 80-feet. These include Coventry Homes, DR Horton, First Texas Homes and HistoryMaker Homes. Centurion American’s leadership sees this and other North Fort Worth developments as being key in addressing the rapid growth in lucrative careers in that corridor.
“The excellence and diversity of design represented by these builders ensures that Rio Claro residents will enjoy an exceptional quality of living and a beautiful neighborhood,” Moayedi said. “The community benefits from the adjacent $270 million Eagle Mountain High School, the newest campus in the award-winning Eagle Mountain-Saginaw ISD.”
In addition to creating high-quality homes, Centurion American is deeply committed to supporting the region’s long-term mobility and infrastructure needs. As part of the Rio Claro development, the company is working closely with the City of Fort Worth, Tarrant County, and local transportation authorities to enhance area roadways, improve traffic flow, and strengthen key connections that serve the broader North Fort Worth corridor. This collaborative approach reflects Centurion American’s belief that responsible growth requires thoughtful investment not only within the community but also in the infrastructure that connects residents to schools, jobs, and amenities throughout the region.
Funding for the Rio Claro development was provided by IBC Bank. The deal was acquired from PMB Capital. “Matt Mildren and his team at PMB Capital have been great partners in bringing this deal to fruition,” said Moayedi.
Rio Claro joins other Centurion American residential communities, including the adjacent Estates at Eagle Mountain located at the northeast corner of Morris Dido and Bonds Ranch Road, which brings the luxurious lake lifestyle to a new generation of homeowners. The Estates at Eagle Mountain is a 836-acre development which will incorporate 1,126 large lots which run from 15,000 sf to 30,000 sf. The combined communities cover almost 1,500 acres and will be home to approximately 3,000 single-family lots. Phase One of development is expected to begin soon, with lot delivery to builders anticipated in Q1 2027.
About Centurion American Since 1990, Centurion American has developed well over 200,000 single-family lots in dozens of premier communities surrounding North Texas. Centurion has demonstrated the ability to effectively work with investors, landowners, financial institutions, and vendors to acquire over 75,000 acres of land inventory, resulting in a diverse mix of developments varying in size and scope. Delivering award-winning communities with impeccable amenities such as parks, golf courses, and hiking and biking trails, Centurion has successfully designed master-planned communities that have been recognized across the real estate industry.
Centurion has set the standard in purchasing and developing land in prime locations. Their developments have the right combination of natural land settings, strong job growth, good school systems, and access to local community shopping. Over the past 35 years, it is this proven track record of achievements that has consistently created excellent value and ROI for Centurion American partners, investors, builders, and homeowners. For more information visit CenturionAmerican.com.
